Do you ever dream of getting as far away from the city as possible? I think about this every day on my commute to work.
Society is becoming more dangerous and less intelligent, so it is wise to devise an escape plan.
But how can you escape while living within 20 miles of a Walmart? That is the magic of homesteading—you can do it from anywhere.
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Your mileage may vary. The beauty of homesteading is that you can define your homestead any way you like.
You can live on the city water supply or collect raindrops. You can live on city power or use a solar generator. You can go as deep into the abyss as you see fit.
I am closer to the “city-boy” side of homesteading. We currently own two homes that have three acres apiece. We can have small gardens and raise a small assortment of animals.
Once I retire, I do not want to leave my homestead very often. We are also considering buying another home farther away from the city. The main idea is to start planning your homestead today so that you can have massive success tomorrow.
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Start planning your homestead today. Your first step is reading books on farming, homesteading, and minimalism. Here are some of the books I read:
- “The Homesteading Encyclopedia”
- “Apartment Gardening”
- “Composting for Beginners”
- “The Life-Changing Magic of Tidying Up”
Reading books will put you in the right mindset for homesteading, keeping expenses low, raising animals, and living off the land.
However, you actually have to put things in motion. Your first major question is where you want to live. Your homestead may just be in a small city with one acre of land.
Or you can relocate to the middle of Montana on 30+ acres of cold Earth—it’s all up to you and your family’s decisions.
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Real estate prices increase every year. Not to put a damper on your dreams, but real estate costs keep rising.
It would be nice to plan to move to a homestead for 20 years and then do everything in one smooth motion. However, I cannot even fathom how much land will be in 20 years.
You’ll have to make a move to your homestead soon. This means you will probably have a day job as you relocate to your beautiful land.
However, the plan isn’t to continue to work forever. We can create a plan to free ourselves and live on passive income for the rest of our lives. Our choice of passive income will be from dividends.
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Dividends to the rescue. That’s right; the plan will be to replace our work paychecks with income from dividends. But why dividends?
Dividends are the most passive of the types of passive income (rentals, business, royalties). Once we build an excellent portfolio of dividend income, we will be free to focus on our homestead.
Like buying your homestead early, you will need to start planning your dividend portfolio early. Unless you have $2-3 million in the bank already, you will need to build your income portfolio day by day.
Why I choose income investing. There are many ways to invest in the stock market, but I choose income investing.
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I choose income investing because I buy an asset purely for the payout. The securities I purchase have managers who focus on companies’ business aspects.
These managers worry about interest rates, mortgages, and manipulating leverage to their advantage. I just want the income their funds generate.
I also do some dividend growth and index fund investing but to a lesser extent. My passion is income investing because it makes sense to me.
The Succeeding in Reading
There are many ways to skin this potato; you must find the path that gets you to your destination. If you are uncomfortable with the stock market, it’s time to learn the ropes.
From Dirt to Dividends. Luckily, I wrote a massive series on dividend investing on a homestead. The purpose was to convert your hard work on the homestead into a high-yield dividend income. The name of the series is “From Dirt to Dividends.”
- From Dirt to Dividends 1: Gardening & Preferred Shares
- From Dirt to Dividends 2: Livestock & Closed-End Funds
- From Dirt to Dividends 3: Insects & Business Development Companies
- From Dirt to Dividends 4: Community Farming & Mortgage REITs
- From Dirt to Dividends 5: Composting & Dividend ETFs
- From Dirt to Dividends 6: Vermiculture & High-Yield Blue-Chip Companies
Now is the time to come out of your shell. Living on a homestead and building a dividend portfolio are things most people will never achieve.
Active Service, Passive Income
These feats require determination, dedication, and disciples. What are your core values, and can you support these significant shifts in mindset?
What do you get by living this way? What is the final result of having financial independence on a homestead? If you don’t know, I can’t tell you the answer.
My answer would be near-complete freedom from society. There are good things to take away from the world, but they are few and far between.
Our mission as parents is to protect our children at all costs. That doesn’t mean sheltering them but allowing them to mature and grow under our supervision.
Inflation vs. Dividends
Our children are the future. What better way to raise kids than to offer them a clean, simple, hard-working lifestyle? You can live like kings on dividend income while teaching values such as hard work, living on the land, and minimalism.
On the homestead, we can exercise creativity and teamwork as a family. But we can also add modern touches like dividend investing, online business, and content creation.
What can you truly offer your children in the city? You can cater to colleges for admission and pay them hundreds of thousands of dollars to attend.
When your child graduates, you can watch their work-life beat them down into a pulp. There is no work-life balance in today’s society—it’s all or nothing.
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Their spouse will also be a city dweller; chances are they will want bigger houses, more vacations, and costly private schools. There is no escape from this lifestyle, even with a divorce.
Conclusion. Or we can reset to a homestead mentality. Americans were great family people once, and our families were tight. Then we moved into the city to escape the farm life—the rest is history.
I want to bring back the good days of family bonds, protecting our grandchildren, and teaching the values WE WANT.
The Golden Handcuffs of Lifestyle Inflation
I want to homeschool my grandchildren personally. What better place than a homestead, where we can take breaks and feed the animals?
Life is what we make it. By homesteading (to any degree) and living on dividends, we can free ourselves from the madness.
Social media isn’t going to improve any time soon. Cellphones and Tik Tok are feeding the wrong information to our children. It is incumbent on us to improve our quality of life and theirs. Are you up to the challenge? Good Luck!
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